F-1120A: Florida Corporate Short Form Income Tax Return (Revision)

Who files this form

Corporations and other entities subject to Florida corporate income tax must file Form F-1120 unless they qualify to use the short form, F-1120A.

To use Form F-1120A, a corporation must meet all five conditions:

• Have Florida net income of $45,000 or less.
• Conduct 100% of its business in Florida.
• Have no additions to or subtractions from federal taxable income other than a net operating loss deduction and/or state income taxes.
• Not be included in a Florida or federal consolidated corporate income tax return.
• Claim no tax credits other than tentative or estimated tax payments.

You cannot use F-1120A if the tax due on Line 6 is $2,500 or more.

The filing requirements cover corporations, banks, savings associations, and other associations or artificial entities doing business, earning income, or existing in Florida. They also cover out-of-state corporations that are partners or members in a Florida partnership or joint venture.

Special rules include:

• An LLC classified as a corporation for Florida and federal income tax purposes must file a Florida corporate income tax return.
• A disregarded single-member LLC does not file a separate corporate return. If owned directly or indirectly by a corporation, its income must be reported on the corporate owner's Form F-1120.
• Homeowner and condominium associations filing federal Form 1120 must file F-1120 or F-1120A, even if no tax is due. Those filing federal Form 1120-H do not have to file a Florida return.
• Political organizations filing federal Form 1120-POL, S corporations paying federal income tax on Line 23c of Form 1120-S, and tax-exempt organizations with federal unrelated trade or business taxable income are also covered.

What you'll need

Have these records and details available to complete the return:

• Your federal income tax return, including taxable income and any federal net operating loss deduction.
• State income taxes deducted when calculating federal taxable income.
• Records of any Florida net operating loss deduction.
• Tentative and estimated tax payments, payment carryovers, and corporate income tax credit memos issued by the Department.
• Your FEIN, taxable-year dates, business name, and address.
• Incorporation and Florida registration details, including the document number if registered.
• The date and years covered by your latest IRS audit, your Florida Principal Business Activity Code, and the type of federal return filed.

Do not attach your federal return, supporting schedules, or worksheets. The Department may request them later.

How to file

Online: The Department encourages F-1120A filers to use its online filing application. Register and enroll for eServices at floridarevenue.com/taxes/eEnroll.

By mail: Mail the coupon only and keep the top portion for your records. Complete the back of the form, including questions A through J.

Make your check payable to the Florida Department of Revenue and mail it with the return to:

Florida Department of Revenue

5050 W Tennessee St

Tallahassee FL 32399-0135

If requesting a refund on Line 9b, send the return to:

Florida Department of Revenue

PO Box 6440

Tallahassee FL 32314-6440

Use black ink. If handwriting, put one number in each box and write within the boxes. If typing, type through the boxes with the numbers together.

An officer or authorized person must sign the return. The form requires an original signature, not a photocopy, facsimile, or stamp. A paid preparer must also sign and provide the required identification information. Write your FEIN on your check and sign it. Payments must be in U.S. funds.

Common mistakes

• Leaving the back incomplete. All taxpayers must answer questions A through J.
• Skipping a return because no tax is due. The form says a return is still required, and late-filing penalties can apply even when no tax is due.
• Relying only on a federal extension. You must file Florida Form F-7004 to extend the Florida filing time.
• Waiting too long to make an electronic payment. Initiate the payment and receive a confirmation number by 5 p.m. ET on the business day before the due date to avoid penalty and interest.
• Marking the return as final too soon. Do not check the “F” box if the corporation is still required to file an annual federal return.
• Forgetting signatures or the FEIN on the check. Sign both the return and check, and write the FEIN on the check.
• Attaching unnecessary records. Do not attach the federal return, supporting schedules, or worksheets unless requested later.
• Leaving the overpayment choice blank. The entire overpayment will be credited to next year's estimated tax. An election to apply it to next year's estimated tax cannot be changed.

Questions people ask

Can I use F-1120A if Line 6 is exactly $2,500?

No. If Line 6 is $2,500 or more, you cannot file F-1120A. Use Form F-1120 instead.

How do I request more time to file?

Complete Florida Form F-7004. A federal extension alone does not extend your Florida filing time. Only one extension is allowed per tax year. You must still pay the tax due by the original due date.

What happens if I overpaid?

If Line 9 is negative, mark Box 9a to credit the overpayment toward next year's tax liability or Box 9b to request a refund. If you leave both blank, the overpayment goes toward next year's estimated tax.

What is the Florida exemption on Line 4?

The exemption is the lesser of $50,000 or the Florida portion of adjusted federal income. For a tax year shorter than 12 months, prorate it by multiplying $50,000 by the number of days in the short tax year divided by 365. Members of a controlled group share one $50,000 exemption.

Official sources

• https://floridarevenue.com/Forms_library/current/f1120a.pdf